Many billions, and many years. Plus here's the other thing: all the companies with experience in bitumen soaked sands are Canadian. (View Post)

I know quite a lot about Venezuelan oil, and the chances of this making any significant difference (in the short term) to their oil output is utterly deluded. Now on a five year view -assuming Venezu… (View Post)

It would be great to see the fall of the Mullahs, but I wouldn't romantacize the Shah. He ran a pretty brutal dictatorship, backed by a nasty internal police that cracked down on anything that l… (View Post)

I pity New Yorkers: they were left with the choice of a deluded lune or a crook. (View Post)

Being in LA, many of our friends are from the Persian diaspora, and they have nothing but good things to say about the BBC World Service in Persian. (View Post)